Market Overview: Darien, CT

Single Family Properties




December Headlines
Darien
  • Median price is down 27.7% to $1,377,500.
  • Inventory in December was 153. This is up 24.4% from 123 in December of 2016.
  • Days on market is up by 32.2%.
Nearby Areas You May Be Interested In
  • 3-month months of supply in New Canaan is down by 30.4%.
  • 3-month price per square foot in Fairfield is down 4.3% to $266.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.

Changes Favoring Buyers
3 Months Ending December, 2017% Chg From Dec, 2016
Unit Sales 49 -23.4%
Inventory 186 20.8%
Months of Supply 7.5 5.0%
Market Time (Days) 137 22.3%
Sales to List Price Ratio 95.9% -0.9%
Went To Contract 56 -6.7%
Changes Favoring Sellers
3 Months Ending December, 2017% Chg From Dec, 2016
Median Sale Price $1,499,000 9.2%
Price per Sq Ft for Sold $525 5.8%
New Listings 51 -5.6%
Click here to see monthly and longer-term averages.

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Sales
There were 16 unit sales in December. This is up 23.1% from 13 in December of 2016. Sales/list price ratio in December moved down to 94.3% from 97.0% in November.

Prices
Median price in December was $1,377,500. This is down 27.7% from $1,905,000 in December of 2016. 3-month median price of $1,499,000 in December was down just slightly from $1,548,000 in November but up a little from $1,372,500 in December of 2016. Price per square foot in December was $492. This is down from $569 in November but up from $480 in December of 2016.

Inventory
Inventory of 153 in December was down 19.5% from 190 in November but up 24.4% from 123 in December of 2016. New listings in December were 5, unchanged from the same month last year. Months of supply of 6.1 in December was down considerably from 7.7 in November but up slightly from 5.7 in December of 2016. This is the lowest months of supply has been since December, 2016.

Market Time
Days on market of 152 in December was up moderately from 116 in November and up considerably from 115 in December of 2016.


Change in Median Sale Price for Single Family Properties YTD From 2016 To 2017 for Towns in Fairfield County, CT Ranked by Best Performance
Towns% Change
Bridgeport 13.07%
Danbury 11.11%
Trumbull 6.38%
Greenwich 5.88%
Norwalk 5.11%
Darien 4.35%
Bethel 4.23%
Stamford 2.93%
Monroe 2.88%
Stratford 2.81%
Data From: DARMLS
Towns with an average of at least 5 sales per month (maximum of 10)
 








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